Airbnb IncABNB
▲ PositiveCapitalrelevance
Q2 revenue and EPS beat expectations, driving shares up 17.43%.
Impact on stocks 1
Consumer Discretionary
Airbnb IncAirbnb shares jump 17% after quarterly results beat expectations
Earnings
Airbnb shares surged 17.43% on Friday, closing at $178.07, their highest since April 2022, after second-quarter results beat expectations. Revenue rose to $3.61 billion from $3.1 billion a year earlier, topping the consensus estimate of $3.58 billion, while earnings per share reached $1.37, exceeding the $1.25 analysts expected. The rally pushed the stock about 3.32% above the average analyst price target of $172.17, suggesting the optimism from the beat is now reflected in the market price.
Airbnb IncQ2 revenue and EPS beat expectations, driving shares up 17.43%.